Compensation may cost tepco 4 trillion yen or 52.28 billion us
http://search.japantimes.co.jp/cgi-bin/nn20110928a1.html
Wednesday, Sep. 28, 2011
Reactor restart may avert rate hike
Tepco redress estimated to top ¥4 trillion
Kyodo
The government panel tasked with overseeing Tokyo Electric Power Co.'s financial standing has estimated the utility could face more than ¥4 trillion in compensation costs related to the nuclear crisis at the Fukushima No. 1 power plant.
Panel sources said Monday that the independent committee calculated the figure based on government compensation guidelines, but the amount could increase as discussions are continuing on such issues as how far the utility should shoulder the costs to compensate people who have voluntarily evacuated from around the radiation-leaking plant.
The estimate is expected to provide a basis for talks over Tepco's special operating plan, to be compiled as a condition for the company to seek assistance from a government-backed entity to secure funds to pay the massive amount of compensation.
The panel, headed by lawyer Kazuhiko Shimokobe, has calculated that Tepco could avoid falling into negative net worth without raising electricity rates if it is allowed to restart reactors at the Kashiwazaki-Kariwa power plant in Niigata Prefecture next summer.
But it also said that a rise in electricity rates would be unavoidable if there are delays in restarting the reactors, as the likelihood of accumulating liabilities will increase if the restart is pushed back, raising fears that Tepco could be crushed by debt.
The assessment, however, doesn't take into account the costs of decommissioning the Fukushima No. 1 plant, the sources said.
250 billion
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Arnie Gundersen said in his latest video that TEPCO's liability could reach $250 BILLION and TEPCO may have to file for bankruptcy.
Dead as Elvis
That would be 20 Trillion Yen.
This figure is MUCH more closer to reality than the 4 Trillion Yen bandied about earlier.
While $20 (20 Trillion Dollars = 1,600 Trillion Yen) is probably a better, present-value total cost for the damage done to Japan, the Pacific, Human health and all the rest.
TEPCO is not ABOUT to go broke ... TEPCO has been utterly bankrupt since mid-March 2011. The entire Japanese nuclear power generation industry is already on the hook for Fukushima.
The entire Japan Government is already on the hook, for Fukushima.
Perhaps one group of Bean-Counters, in the financial servicing industry is about to concur that TEPCO is dead-broke. Perhaps one additional bond rating firm will accept the reality. Perhaps one more investor is totally writing off their stake in TEPCO.
But, TEPCO has been 'Dead as Elvis' for about 7 months now.
Wow! Could this be...
one of the reasons Siemens got out of the nuclear business? And I read somewhere that the Shaw Group is on the list of companies that could go bankrupt.
Ah, here, found the link:
"THE NEXT 11 BIG COMPANIES THAT COULD GO BANKRUPT"
http://www.businessinsider.com/next-big-companies-bankrupt-2011-10?op=1
Is this for one year, for 10
Is this for one year, for 10 years or the total they expect to pay during the following decades?
$20T - minimum
*
$20T is a lot more than ¥4T, and a much better estimate. TEPCO is more upside down than Greek bonds and Detroit real estate.
Every nuclear electrical utility in Japan is in hock up to their eyebrows, as is the Japanese government.